Peloton: Big Cost Improvement, Decent CEO Hiring, More Upside Ahead

Core Insights - Peloton (NASDAQ: PTON) reported Q3 earnings on October 31st, which exceeded market expectations, indicating a positive surprise for investors [1] - The company has made progress in addressing its cost structure, which has been previously identified as significantly misaligned [1] Company Analysis - Peloton's recent earnings report suggests a potential turnaround in its financial performance, which could attract investor interest [1] - The company is part of a broader investment strategy that seeks asymmetric risk/reward opportunities, highlighting its potential as a target for hedge fund investments [1]